Bitcoin Prices Settle Into Narrow Range as ETF-Inspired Euphoria Dissipates
- The largest digital token has surged 85% in first half of 2023
- Token’s price is little changed after Fidelity files for ETF
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Bitcoin has quickly settled into a narrow trading range after reaching a fresh one-year high, leaving reinvigorated enthusiasts wondering whether last week’s momentum will last.
The largest digital currency, which accounts for about half of the crypto sector’s $1.2 trillion market value, was about 1.7% higher to $30,600 on Thursday, even after Fidelity joined the list of firms to file for a Bitcoin ETF. The token has traded in a range of around $1,500 since hitting $31,410 last Friday.